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- Tasks: Oversee prudential risk management and ensure compliance with regulatory requirements.
- Company: Crown Agents Bank, a leader in international banking and payment services.
- Benefits: Hybrid working, competitive salary, pension plan, private medical insurance, and generous leave.
- Why this job: Join a dynamic team and make a real impact on financial stability.
- Qualifications: 7+ years in UK banking with strong analytical and risk management skills.
- Other info: Opportunities for professional growth and a supportive work environment.
The predicted salary is between 43200 - 72000 £ per year.
Overview of the Head of Prudential Risk role at Crown Agents Bank. Reporting to the CRO, this position provides second line oversight on the Group's management of prudential risks, including capital, liquidity, market (FX and interest rate), strategic and model risks. The role supports the Group's compliance with prudential regulatory requirements and assessment/reporting of enterprise-wide risks.
Role Responsibilities
- Provide second line oversight for the Group's management of prudential risks; including capital, liquidity, market (FX and interest rate), strategic and model risks.
- Provide second line oversight of the Finance and Treasury functions.
- Undertake second line control reviews on prudential risk management and Treasury activities, including reviewing operational processes, reporting, stress testing, hedging strategies, etc.
- Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity, market and model risks.
- Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions.
- Provide second line reporting to relevant governance committees on prudential risk matters. Standing attendee and active contributor at ALCO.
- Monitor adherence to prudential risk appetite limits and other internal/regulatory prudential risk limits, monitoring KRIs, KPIs and EWIs.
- Review and oversee prudential risk regulatory reporting.
- Support the production of the Annual Report and Accounts and Pillar 3 disclosures.
- Undertake prudential regulatory horizon scanning, conduct impact assessments, and engage stakeholders to drive regulatory change.
- Report and advise on new and emerging prudential regulation relevant to the bank.
- Advise business on the potential impact of changing prudential regulation.
- Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, countries, etc.
- Support the Credit Risk team and the bank in performing analytics supporting the country risk framework.
- Responsible for Model Risk Management and Model Validation across the Group.
- Support the CRO regarding reporting and assessment of enterprise-wide risks.
Qualifications
- Not required, but relevant qualifications (e.g. ACT/CFA/CISI) would be an advantage.
Experience
- A minimum of 7 years' experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity.
- Experience of international banking and payment services would be an advantage.
- Experience of reviewing and supporting the development of ILAAP, ICAAP and recovery documents.
Skills
- Ability to analyse prudential risks, provide written assessments and understand appropriate risk controls.
- Ability to provide second line oversight and constructive challenge on capital, liquidity, market, strategic and model risks.
- Strong technical and analytical prudential and financial risk skills.
- Understand and interpret PRA regulations relating to capital, liquidity, market risk and interest rate risk; familiarity with Basel, CRD/CRR and EBA frameworks.
- Familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk.
- Model risk experience and ability to further develop the Group's Model Risk Management approach.
- Experience with derivatives products, regulatory frameworks and trading activity.
Additional Information
- Hybrid working
- Contributory pension plan: employee 2% / employer 7% (employer matches to a maximum of employee 5% and employer 10%)
- Life Assurance – 4x annual salary
- Group Income Protection
- Private Medical Insurance – includes cover for partner and/or children; optical, dental and audiology
- Discretionary Bonus
- Competitive annual leave
- 2 volunteering days
- Benefit Hub
Head of Prudential Risk in London employer: Crown Agents Bank
Contact Detail:
Crown Agents Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Prudential Risk in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and finance sector, especially those who have experience with prudential risk. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of regulatory frameworks like Basel and CRD/CRR. We want you to be able to discuss how these impact capital and liquidity management confidently!
✨Tip Number 3
Showcase your analytical skills! Be ready to share examples of how you've tackled prudential risks in past roles. We love hearing about real-life experiences that demonstrate your expertise.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for talent that fits our culture and values.
We think you need these skills to ace Head of Prudential Risk in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Prudential Risk role. Highlight your experience in prudential risk management, especially in a second line capacity. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Crown Agents Bank. Share specific examples of your past experiences that relate to the responsibilities listed in the job description.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've successfully analysed prudential risks in your previous roles. We love seeing concrete evidence of your abilities!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Crown Agents Bank
✨Know Your Prudential Risks
Make sure you brush up on your knowledge of capital, liquidity, market, and model risks. Be ready to discuss how these elements interact and the importance of oversight in managing them. This will show that you understand the core responsibilities of the Head of Prudential Risk role.
✨Familiarise Yourself with Regulatory Frameworks
Dive into the PRA regulations, Basel, CRD/CRR, and EBA frameworks. Being able to articulate how these regulations impact the bank's operations will demonstrate your expertise and readiness for the role. Prepare examples of how you've navigated regulatory challenges in the past.
✨Prepare for Scenario-Based Questions
Expect questions that require you to analyse hypothetical situations related to prudential risk management. Practice articulating your thought process and decision-making strategies. This will help you showcase your analytical skills and ability to provide constructive challenge.
✨Showcase Your Leadership Skills
As a Head of Prudential Risk, you'll need to lead and influence others. Be prepared to discuss your experience in providing second line oversight and how you've successfully collaborated with teams like Finance and Treasury. Highlight specific instances where your leadership made a difference.
